Giving property investors a an unimpressive capital gain of -5.14% for the last year, Kardinya, 6163 is the 3061th highest performer in Australia in this respect.
Comparing Kardinya,6163 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Vendor discounting in Kardinya is giving property investors an average Vendor Discount of around -7.88%. This puts suburb at number 163th in WA when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $21840 per annum or $420 every week.
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Students find more room
Median house price: $635,000
Stock on market: 35.0%
12-month growth: -1.2%
Kardinya, 7km from the Perth CBD, is popular with students, thanks to the nearby Murdoch University campus. It also has excellent public transport links to the city, a newly built hospital, and is loved by families for its leafy parks and proximity to the beach.
Historically a tightly-held suburb, stock has flooded onto the market in the past twelve months up 35%, with 100 houses listed this year, compared to 71 last year.
The median house price is currently $635,000 – down 1.2% since this time last year, although homes have clawed back by 0.8% in the past three months. Unit prices are down 1.5% for the quarter, with a median of $388,000. Despite the slight downturn, Kardinya has fare much better than many other suburbs in WA, which have seen prices drop by 20% or more over the past year.
Houses rent for an average of $400 per week, giving landlords a yield of 3.3%, while the median rent for units is $320 per week, yielding 4.3%.